Marsh & McLennan Companies, Inc. $MRSH Position Trimmed by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its holdings in Marsh & McLennan Companies, Inc. (NYSE:MRSH - Free Report) by 11.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 4,597,647 shares of the financial services provider's stock after selling 584,870 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.96% of Marsh & McLennan Companies worth $766,290,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Mufg Securities Americas Inc. lifted its holdings in Marsh & McLennan Companies by 8.3% in the second quarter. Mufg Securities Americas Inc. now owns 14,512 shares of the financial services provider's stock worth $2,419,000 after acquiring an additional 1,116 shares during the last quarter. Nissay Asset Management Corp Japan raised its position in shares of Marsh & McLennan Companies by 2.4% during the 2nd quarter. Nissay Asset Management Corp Japan now owns 64,414 shares of the financial services provider's stock worth $10,736,000 after purchasing an additional 1,536 shares during the period. Lombard Odier Asset Management Europe Ltd bought a new stake in shares of Marsh & McLennan Companies in the 2nd quarter worth approximately $14,204,000. Kingsview Wealth Management LLC acquired a new position in Marsh & McLennan Companies during the 2nd quarter valued at approximately $6,919,000. Finally, Beacon Pointe Advisors LLC acquired a new stake in Marsh & McLennan Companies in the second quarter worth $3,141,000. Institutional investors own 87.99% of the company's stock.

Analyst Ratings Changes

MRSH has been the subject of several recent research reports. Cantor Fitzgerald upped their price target on shares of Marsh & McLennan Companies from $210.00 to $218.00 and gave the stock an "overweight" rating in a research report on Thursday, July 9th. Wells Fargo & Company boosted their target price on shares of Marsh & McLennan Companies from $186.00 to $188.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 22nd. Weiss Ratings upgraded shares of Marsh & McLennan Companies from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, August 7th. Piper Sandler cut their price target on Marsh & McLennan Companies from $190.00 to $182.00 and set a "neutral" rating on the stock in a report on Tuesday, May 26th. Finally, Citigroup cut Marsh & McLennan Companies from a "buy" rating to a "neutral" rating and set a $200.00 target price on the stock. in a research report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Marsh & McLennan Companies currently has a consensus rating of "Hold" and a consensus price target of $203.50.

Marsh & McLennan Companies Price Performance

Shares of NYSE:MRSH opened at $192.90 on Friday. The company has a market capitalization of $92.05 billion, a PE ratio of 23.58, a price-to-earnings-growth ratio of 2.67 and a beta of 0.59. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.14 and a current ratio of 1.14. Marsh & McLennan Companies, Inc. has a 12 month low of $156.60 and a 12 month high of $207.82. The business's 50 day moving average price is $182.75.

Marsh & McLennan Companies (NYSE:MRSH - Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.96 EPS for the quarter, topping analysts' consensus estimates of $2.89 by $0.07. Marsh & McLennan Companies had a return on equity of 32.67% and a net margin of 14.24%.The company had revenue of $7.28 billion for the quarter. Marsh & McLennan Companies's revenue was up 6.2% on a year-over-year basis. On average, sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 10.44 EPS for the current year.

Marsh & McLennan Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Thursday, July 23rd were paid a $0.99 dividend. The ex-dividend date of this dividend was Thursday, July 23rd. This represents a $3.96 annualized dividend and a dividend yield of 2.1%. This is an increase from Marsh & McLennan Companies's previous quarterly dividend of $0.90. Marsh & McLennan Companies's dividend payout ratio is presently 48.41%.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, insider Martin South sold 7,100 shares of Marsh & McLennan Companies stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $189.99, for a total value of $1,348,929.00. Following the transaction, the insider directly owned 16,632 shares in the company, valued at $3,159,913.68. The trade was a 29.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO John Q. Doyle sold 16,656 shares of the company's stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $161.71, for a total value of $2,693,441.76. Following the sale, the chief executive officer directly owned 116,811 shares of the company's stock, valued at approximately $18,889,506.81. This represents a 12.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 36,469 shares of company stock valued at $6,291,345 over the last quarter. Company insiders own 0.38% of the company's stock.

Marsh & McLennan Companies Profile

Marsh & McLennan Companies NYSE: MMC is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.

The firm operates through several well-known subsidiaries and business units that specialize in distinct services.

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